Saturday 25 February 2012

Always Pleased To Help

This gets my weekend off on the right footing. The Telegraph reports that "Athens has launched the biggest sovereign bond restructuring in history". Ah yes, part of the Euro rescue plan from which Cameron so rudely opted out, leaving the UK a pariah and dooming the City to irrelevance.

But wait, what's this a the foot of the article ?

"The bond swap will be run from London by Deutsche Bank and HSBC."

Too right! Because with the best will in the world they really don't understand these things in Brussels, Luxembourg, Paris or even Frankfurt. (I particularly enjoy the idea they will require that Euro-denominated derivatives must be settled in Euroland: do these people actually know what a derivative is ?)

Now for the rest of the weekend: let's see what the much-vaunted Welsh back line can manage at Twickers.

ND

4 comments:

James Higham said...

let's see what the much-vaunted Welsh back line can manage at Twickers

A fair amount by the look of it.

Nick Drew said...

beg to differ, James, they were pretty well contained by a still-very-new England

dearieme said...

"let's see what the much-vaunted Welsh back line can manage at Twickers": why did they use only one of their behemoth wingers?

Sebastian Weetabix said...

Blokes that size should be confined the second row, by law if necessary. It's just not right. Fat blokes in the front frow, big blokes in the second row, midgets on the wing - that's the way rugby should work. A place for everyone!